Stifel Nicolaus set a $3.00 target price on Ultra Petroleum (NASDAQ:UPL) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the stock.

Separately, Zacks Investment Research raised shares of Ultra Petroleum from a sell rating to a hold rating in a report on Wednesday, March 21st.

NASDAQ UPL opened at $2.47 on Tuesday. Ultra Petroleum has a 52 week low of $2.36 and a 52 week high of $12.39. The stock has a market cap of $500.68 and a PE ratio of 1.22. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of -1.83.

Ultra Petroleum (NASDAQ:UPL) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.09. Ultra Petroleum had a net margin of 19.86% and a negative return on equity of 29.81%. The firm had revenue of $240.63 million during the quarter, compared to analyst estimates of $227.00 million. sell-side analysts forecast that Ultra Petroleum will post 1 EPS for the current fiscal year.

Ultra Petroleum Company Profile

Ultra Petroleum Corp. engages in the development, production, operation, exploration, and acquisition of oil and natural gas properties. It focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin of Pennsylvania.

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